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Private equity firms invested USD1,392m over 84 deals in India during Q4 2009, taking the annual investment numbers to USD3,824m over 232 deals, according to a study by Venture Intelligence.
The amount invested during 2009 was significantly less than that during the previous year during which PE firms invested USD10,468m across 443 deals.
The amount invested during Q4’09 however was higher than that during the same period in 2008 (which witnessed USD1,215m invested across 72 deals) as well as the immediate previous quarter (USD807m across 53 deals).
“The volatility in the public markets and continued uncertainty around the ability to
Appleby, an offshore legal, fiduciary and administration service provider, is opening its latest office in Guernsey.
The new office will be operational in the spring of 2010 and will practise Guernsey law with a focus on corporate, commercial, private client, litigation, insolvency and restructuring.
Following approval by the Guernsey Financial Services Commission, it will also offer a complete range of fiduciary services.
Appleby Guernsey will initially comprise two group partners, Barney Lee and Helen Crossley, in the corporate team and two partners, Jeremy Le Tissier and Gavin Ferguson, in the litigation/insolvency and private client/trust teams.
In addition, David Clark, a
Augentius Fund Administration, a provider of fund administration services to the private equity and property fund sectors, has received final regulatory approval for the opening of its office in Luxembourg.
“We have had increasing demand from both existing and potential clients to open an office in Luxembourg” says Ian Kelly (pictured), partner and chief operating officer (Europe) and a director of Augentius Fund Administration (Luxembourg).
“The creation of the SICAR and SIF products and their refinement into sophisticated fund structures are proving increasingly attractive to the private equity and property communities. As a consequence it is important that we are
Future Capital Partners, an alternative investment boutique, has launched an investment opportunity that will allow UK investors to invest in the rapidly growing renewable transport fuels sector for the first time.
The production of European RTFs is expected to grow tenfold over the next decade, and RTFs are currently the only sector into which Shell and BP are committing significant renewable energy investments.
Future Fuels is an LLP established by FCP to build a renewable transport fuel plant in Grimsby, North East England. The industrial scale plant will produce two principal products – ethanol and a high protein animal feed,
Wheb Ventures, a European clean technology venture capital firm, has invested EUR3m in Torqeedo, a developer of electric outboard motors.
This is the first investment by Wheb Ventures’ Munich office, which opened in April 2009, and gives Wheb Ventures a significant stake in Torqeedo.
Wheb Ventures led the EUR4.7m investment round. The Brose Trust and other existing investors also participated.
Torqeedo, established in 2005 and headquartered in Starnberg in Bavaria, develops and manufactures electric outboard motors for the marine market. The motors provide a viable and environmentally friendly alternative to the sub ten horse power combustion engine outboard market.
JHP Group, one of the UK’s largest private sector providers of vocational education, skills training and employability programmes, has been bought by its management team in a transaction backed by mid-market private equity firm LDC.
Founded by Hugh Pitman in 1983, Coventry-based JHP operates a national network of 57 centres as well as delivering training in employees’ workplaces nationwide.
The business services more than 3,000 clients, from small and medium sized companies to major organisations such as the Ministry of Defence, RBS Insurance, Royal & Sun Alliance and Barclays.
Led by chief executive officer Jim Chambers, its management
The Managed Funds Association is planning to gather information from hedge funds, funds of funds and managed futures funds for use in its industry education and advocacy efforts using PerTrac P-Card.
P-Cards are secure email attachments that can contain an array of manager-designated data such as strategy descriptions, investment terms, portfolio exposure data and investment returns.
Richard H. Baker (pictured), MFA president and chief executive, says: "As the primary source of industry information for policy makers, the media and the public, it’s important that we collect and aggregate data in a confidential and timely manner from as many managers as
Siguler Guff, a private equity firm with over USD8bn in assets under management, has appointed Solomon Owayda as a managing director.
The firm will leverage Owayda’s private equity experience to provide investment solutions to investors and to cultivate and manage advisory relationships.
Owayda says: “This is a great opportunity to join a successful private equity firm like Siguler Guff and to work with a talented group of professionals. I have known individuals at the firm for a long period of time and have always been impressed by their vision and their ability to identify opportunistic trends in a timely manner.”
The Bahamas has concluded Tax Information Exchange Agreement negotiations with 23 countries, signed ten agreements and will meet the G20/OECD’s March 2010 deadline of a minimum of 12 signed agreements.
To date, The Bahamas has signed ten TIEAs with the US, Great Britain and Northern Ireland, China, France, New Zealand, Argentina, Belgium, the Netherlands, Monaco and San Marino.
TIEA negotiations have been successfully concluded with Germany, Canada, Spain, Mexico, Australia, South Africa, South Korea, and the seven Nordic countries of Norway, Sweden, Finland, Denmark, Iceland, Greenland and Faroe Islands.
Signature on agreements by countries with whom The Bahamas has concluded
Private equity firm Mid Europa Partners is extending its tender offer to purchase any and all of the outstanding ordinary shares of Invitel Holdings, par value EUR0.01 per share, and any and all of its American depositary shares.
As of 7 January 2010, a total of approximately 2,332,601 Invitel shares and Invitel ADSs had been tendered in the offer and not withdrawn.
Together with the 12,450,393 Invitel shares already owned by Mid Europa, this represents approximately 88.4 per cent of the outstanding Invitel shares.
The offer and withdrawal rights will now expire at 12:00 midnight, New York City time,
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